Company Information for AXMIN Inc

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TSX.V; AXM View full financial data

Company Statement

AXMIN Inc. a gold exploration company offers dynamic growth with a track record of finding and developing mines in Africa. AXMIN's strategy is to focus on newly democratic countries where it has the opportunity to acquire highly prospective ground as an early entrant. The Company has a substantial depth of African experience both through its team of explorers and its major shareholder The Addax and Oryx Group.

AXMIN’s first feasibility study is nearing fruition at Passendro in Central African Republic as the Kofi Project in Mali and the Komahun Project in Sierra Leone rapidly gain momentum. The company’s objective is to maintain the pace of advancement in 2007, ensuring a strong pipeline of development projects to follow Passendro as AXMIN makes the transition from explorer towards producer.

Current Operations

Central African Republic
AXMIN has a premier land position in CAR with six wholly owned permits covering approximately 5,500 sq km, five permits cover highly prospective Archaean greenstone belts the Bambari-Bakala Permits contains AXMIN's most advanced discovery, the Passendro Gold Project located in the centre of the 120 km long Bambari gold belt.  Currently Passendro has an indicated resource of 1.54 million ounces (18.62 Mt grading 2.6 g/t Au) plus an inferred resource of 1.04 million ounces (16.82 Mt grading 2.0 g/t Au), however 14 significant additional gold anomalies are recognised within the Bambari belt and drill testing is expected to increase the resource substantially.  A pre-feasibility study is scheduled for completion in late April 2006 with the definitive feasibility study to be completed in early 2007 targeting a planned production profile of up to 200,000 ounces per year. Included within the indicated resource is over 750,000 ounces at the Katsia and French Camp deposits which grade in excess of 3.6 g/t Au and would be the preferred feed for the first several years of production.

RC drilling program at several new gold zones on the Company's Pouloubou permit, located 100 km to the south of Bambari-Bakala permits is just completing, results are expected shortly.

The last permit (Sosso Polipo) located in western CAR Proterozoic terrain has historic gold production and hard rock potential exploration is expected to begin in mid-2006.

Mali
AXMIN's Kofi Project in Mali is strategically located within 10-15 km of Randgold's Loulo-Yaela Mine and Nevsun's Tabakoto-Segal Mine. In September to 2005 AXMIN regained control of its Kofi project (82-85% ownership) and accelerated its exploration program with the objective to outline further deposits and build upon its established resource that is capable of a stand alone project. Currently AXMIN has delineated 300,000 ounces at Kofi in Zones SW C & B, 45,000 (0.415 Mt grading 3.2 g/t Au) and 245,000 ounces (2.030 Mt grading 3.8 g/t Au). Results of the 14,000 m RAB and 3,000 m core program which is targeting large scale anomalies of Loulo-Yalea type mineralisation is expect 3Q 06.

Sierra Leone
AXMIN's early entrant advantage has allowed it to establish a substantial land position in Sierra Leone with five permits covering over 600 sq km, the most advanced of which is the Nimini Hills Permit which AXMIN has the right to earn 60% interest over the three years. Initial results from drilling at Nimini Hills has confirmed gold mineralisation at the Komahun Prospect, for a strike of 800 metres but soil anomalies indicate that it has the potential of 1.4 km. Definition drilling program began in April 06 at Komahun Prospect and results are expected mid-2006.

Geographical Spread

Africa

Board of Directors and Key Management

Management
Jean Claude Gandur	Chairman
Dr Michael Martineau	Deputy Chairman
Mario Caron	President/Chief Executive Officer
Dr Jonathan Forster	Head of Exploration
Craig Banfield	CFO
Judy Webster	Manager Investor Relations
Howard Bills	Exploration Manager
Charles Carron Brown	GM Passendro Project
Directors
Michael Ebsary
Jonathan Forster
Jean Claude Gandur
Michael Martineau
Ted Reeve
Robert Shirriff
Anthony Walsh

Company Address Investor Office 120 Adelaide Street West Suite 2500 Toronto, ON, M5H 1T1 Telephone: +416 368 0993 Facsimile: 416 367 1954 Email: info[at]axmininc.com Website: http://www.axmininc.com

Additional Address/Key Contact Corporate Office (UK) Suite 107, Kent House 81 Station Road Ashford, Kent, UK TN23 1PP T: +44 (0) 1233 665600 ir@axmininc.com

Capital In Issue - 214,513,234 common shares Fully diluted - 225,905,734 common shares

Annual General Meeting June

Year End December 31

Nominated Brokers RBC Capital Markets Haywood Securities

Broker/Analyst Reports

31/08/07 - Haywood Securities Inc.
17/11/06 - Feb 06 Andrew Kaip, Haywood Securities

Related News

19/12/07 - AXMIN Adds More Gold And Nears Production
31/05/07 - AXMIN Piling Up Gold Resources In The Central African Republic
29/12/06 - AXMIN Doing Well In The Central African Republic

Most Recent Statement

29/08/08 - AXMIN Learns of an Amending Decree from the Government of the CAR
23/07/08 - AXMIN Reports High Grade Intersections at Kofi Project, Mali
03/07/08 - AXMIN transfers its interest and retains a royalty in cape three points for common shares of noble mineral resources limited
24/06/08 - HIGH GRADE MINERALISATION CONTINUES AT DEPTH AT KOMAHUN PROJECT, NIMINI HILLS, SIERRA LEONE
13/06/08 - AXMIN announces completion of non-brokered private placement
27/05/08 - Increased Size of Non-Brokered Private Placement